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20121121
20121129
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CNBC 20
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English 20
Search Results 0 to 19 of about 20 (some duplicates have been removed)
CNBC
Nov 27, 2012 3:00pm EST
reid about back of progress and his disappointment thereof. we're going to be back tomorrow. a show you must not mis, everybody. thank you so much for watching "street signs." >>> good day. welcome to "closing bell." i'm bill griffeth here at the new york stock exchange. very, very newsy day, especially in the last few minutes. we've had consumer confidence out, housing prices on the rise. a big surprise to the upside on durable goods orders. so why aren't stocks rallying right now? >> we have an answer. politicians. i'm michelle ka rue sew-cabrera. the market started pulling back after senator major lieader hary reid said he's disappointed and it's time to end the happy talk. when did that happen? look at this intraday chart, and you can tell exactly when it happened. then mitch mcconnell weighed in too. the nasdaq is lower by 1.5 points off the intrasession lows. same, similar pattern for the day. ditto in terms of the pattern for the s&p 500. lower than less than three points. >> so with all the good news on the economy out today, still no rally for stocks. is it really still all
CNBC
Nov 27, 2012 2:00pm EST
majority leader harry reid just moments ago said there has been little progress made recently in the fiscal cliff talk and he is disappointed with the little progress made. he said it is time to get past the happy talk. as a result, stocks taken a turn for the worse. last week, brian, stocks were up three indices by 3 to 4% on hope that we could would get some progress on these fiscal cliff talks. >> wonder who harry reid is disappointed with, given he is the senate majority leader. fess the leader of the senate circumstance disappointed with himself? congressional leaders, boehner and reid that have to lead the negotiations who is he disappointed with? yell at your party, yell at the other party, yet get in a room, play a game of jennings ga, who cares, get this thing resolved who is he disappointed with, highly confused that happens frequently. >> sit down and sort it out, all i can say. the meantime who have you got over there with you in charlotte, north carolina? >> talk about that with larry carroll. the headlines moving the market. larry carroll runs carroll financial advisories, one
CNBC
Nov 27, 2012 5:00pm EST
now. >>> united we stand, divided then stocks fall. >> senate majority leader harry reid said there has been little progress made recently in the fiscal cliff talk and is disappointed with the little progress made. >> and there couldn't be more at stake. >> what is going to happen to create a credible plan that causes the corporate sector to sustain what we are seeing with the consumer. >> maybe we all need a little perspective. >> we buy stocks almost every day. but i'm confident about the american economy over the decades to come. we will have ups and downs and i can't predict them but america is a winner. >> fiscal cliff and what it means for your money on "fast money" right now. >>> live from the nasdaq market site in new york city's times square i'm melissa lee. special dividends are coming fast and furious. why apple might offer a fast payback. will the market be naughty or nice to investors. chart breaks down the technicals. forget stores and waiting in line. we are breaking down the best ways to play it. grid lock in washington dragging on stocks again today. let's go
CNBC
Nov 28, 2012 4:00am EST
from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out loans the remainder of year. we have the kospi in south korea down .7 of 1%. we had a north korean launch site showing increased activity. that just increased the jitters in this market. the japanese markets, they have really been on a rally, on a roll, on a tear over the last few weeks. the nikkei 225 has gained more than 9% just the last two weeks alone. the yen had something to do with this. it did strengthen a little bit against the dollar, and it continues to do so, down about half a percent as you just mentioned. so
CNBC
Nov 28, 2012 12:00pm EST
the last 48 hours after comments yesterday from harry reid, the senate majority lead erbil, mitch mcconnell as well today. john boehner, the house speaker delivers his comments and now the president a couple hours before he meets with several of the nation's ceos on the economy and the fiscal cliff. let's go down to washington and get some reaction from our john harwood, who's been listening in. john, i think it's fair to say that the house speaker sounded a bit more conciliatory today, saying things like he's willing to put revenue on the table, yet again he's optimistic a deal can be reached. i'm not sure the president sounded so much. >> reporter: what you heard there, scott, was the president trying to leverage his advantage in public opinion. remember a couple things, first he just won the election. second of all, his position on raising taxes on top earners is very popular in the country, well over 60% of the american people say they want that to happen. you've begun to hear some republicans say they ought to do what the president just asked for. tom cole, a conservative congre
CNBC
Nov 28, 2012 9:00am EST
harry reid and mitch mcconnell sent stocks to session lows. this morning we look to open to the downside. implied open down 25. s&p looking to lose five. beige book home sales ahead. as for picture in europe, a bailout for four spanish banks getting approval from the eu. still stocks are down. italy down by almost one full percentage point. road map for the morning starts off with the fiscal cliff. the president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. >> costco joins the dividend parting initiating a $7 a share payout on top of the regular dividend. >> and a shake-up at groupon. the board may be considering co-founder being released. >> there's powerball fever. 500 million big ones in the pot. how would you spend the money and how does the fiscal cliff factor in? we'll talk strategy with a former lottery winner. >> we begin with the fiscal cliff. this afternoon president obama is scheduled to meet with several business leaders including ceos of home depot, macy's, caterpillar and at&t but futures are
CNBC
Nov 26, 2012 7:00pm EST
everywhere that senator harry reid wants to severely curtail and restrain the my in the's power to flu filibuster. what can you tell us about that? >> i would just tell you the senate -- when i got here the senate worked very well. everybody could offer amendments. they were respectful of the amendments they offered. they knew if they took advantage of it, there would be consequences in terms of people not voting for their amendments. we've lost quality leadership in the senate, and harry reid's answer to that is change the rules, and if he changes the rules, he will have totally defeated our founder's purpose of creating a senate where minority rights are protected, and -- and what that will do is that will create two houses of congress rather than a house and a senate, and it just says majority rules with an iron fist. >> so you're going to fight it. >> well, i would tell you, my hope would be that if he carries out his threat, the senate will be shut down until he restores the rights of the minority because that's what our founders did. the reason they did a bicameral legislature an
CNBC
Nov 27, 2012 4:00pm EST
of the session. 12,879, matching what we saw when harry reid began making comments about an hour and a half ago. the nasdaq lower by nearly nine points. the s&p lower by seven points. 1399, just below the 1400 level. why the late-day selloff? most on the street blaming these words out of washington about fiscal cliff. >> there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. >> as we head into the fiscal cliff negotiations, my advice to the president would be seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. >> behind closed doors. even with the fiscal cliff looming over the markets, our own jeff cox with cnbc.com says there's a growing bit of optimism about the outlook for next year. take a look at some of the predictions from some of the street's biggest names regarding the s&p 500 for n
CNBC
Nov 28, 2012 3:00pm EST
don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect question. look at the chart. here's a chart of today's treasury action against the equity market. indeed, other than around 1:00 eastern after the auction, they've been correlating. stocks go up, rates go up. stocks go down, rates go down. we're trading on pr. if the premise of this exchange is should we trade on headlines, if you're a day trader who understands once you make a trade and the air is gone out of the person you trade it with, that's the only realism that is there. pr doesn't move markets more than the short term. most of the people i talk to on the automated side say these are rhythmic traders with algorithms. >> do you have a theory on why gold is down today? >> my theory is simpl
CNBC
Nov 28, 2012 1:00pm EST
senator majority leader reid said there was little progress being made on the fiscal cliff. that was yesterday afternoon. we lost 50 points on the dow. even though mr. reid said he was hopeful a deal could be reached, damage was done. senator mccobble said democrats should be more actively involved in the debates. he said the president was traveling around the country having complain like stops, he should come back to the capitol and make a deal. today representativeboehner saying he was optimistic a cliff deal could be rachd. the market rallied nicely on that after disappointing new home sales results. just in the last hour, we've rallied because the president has come out and said he would like to have a deal on the fis calf cliff by christmas. that's exactly what the markets want to hear. they want a timetable for when a deal can be reached and they want it before the end of the year. we move up to the highs of the day on that news. >> a deal by christmas with a bow on it perhaps, bob. >>> dozens of ceos as we mentioned earlier meeting with congressional leaders right no
CNBC
Nov 27, 2012 7:00pm EST
the table and if harry reid is trading bars with mitch mcconnel, what is up here. senator durban said, it shouldn't be ps deal. i don't think there is a bar gain to be had. it is a win win for alabama. he is going to get the tax hikes or the rb ares will say no deal and he gets the tax hikes which is what he will prefer anyway. that is a big pot of money he can use for whatever he wants. they are still not going to be a deal. baker, democrats saying there is no problem with social security, even though the piece in the "wall street journal" today said they are $20 trillion in the hole. they said they are $40 trillion in the hole. how can democrats argue that with a straight face. i know that stuff inside and out. most of those shortfalls are in the 22nd century. we don't have a big problem with those programs. in fact most of the story is health care. the budget office may adjust their projections and the story disappears. i know people like to run aaround with that but it doesn't make sense. >> what me worry scenario. medicare no problem. medicaid no problem. i don't know, one trilli
CNBC
Nov 27, 2012 6:00pm EST
that i grow less confidence by the day. we have heard harry reid say there has been less progress in the talks. it looked to be a beneen session. we have been reading how the republicans were open to a deal that includes revenue increases. we aren't reading how the leadership agrees to it. i'm sure they don't record the presidential election as a referendum to anything. they vote for the betrayial as their own defeats. because the tax increases would amount to a de facto destruction. in other words, let's say you are a hard line democrat. you get higher taxes for the rich. the hard line democrats don't care about the stock market. they probably care that the republicans face hard line stocks anyway. many of the hard liners want a smaller defense budget. here is the bottom line. the combination of these lines pla believe that it is blissful not ignorant. the bill will come soon enough even if there is not an agreement. i say we solve the cliff and we go over the cliff and it turns out that the consumer was just past the dpraf yard all along. >> hi jim. i have grown to adore your sh
CNBC
Nov 27, 2012 4:00am EST
house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't jus
CNBC
Nov 27, 2012 9:00am EST
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
CNBC
Nov 28, 2012 4:00pm EST
look at yesterday, harry reid opens his mouth, no deal done and market falls 80, today boehner comes out saying that tax revenue is on the table and here we are up 100 points. i'll be buying good quality growth companies that any fallback from the fiscal cliff and i'm going to be buying. >> your 30 seconds starts now. >> yeah, well, today the s&p 500 tested the 200-day moving average. as we close out the month of november. we've seen relative strength in small cap stocks over large cap stocks. we're looking for that relationship to hold up, as well. and tomorrow we'll be looking at the growth number, which of course, consensus will expect an increase. we don't think it'll be a game changer because of the head winds such as the fiscal cliff, but we think it'll contribute to optimism about the economy. >> you're in a
CNBC
Nov 28, 2012 5:00pm EST
until the partisans in washington realize what's at stake. or should we say, if they do? >> senator reid basically said we're not going to have one. warren buffett talking about going over, probably going to happen, january. the dichotomy has changed. i thought it was on/off, now i feel like it's on, we're going to go over. >> business leaders pleading with the president right now. >> we're not telling people what to do. we're not in a position, we're not elected to do that. but we do have expertise, and the people who are legislating are right to ask our views. >> protecting and profiting from the fiscal cliff on "fast money" tonight. >> live from the nasdaq market site in new york city's time square, i'm melissa lee. just buy it fiscal cliff headlines are whipping the market. >>> and swimming with the sharks, real estate mogul and shark tank star barbara corkwin. >>> and about face, facebook shares hitting another multimonth high. should you be buying this turn around? we'll get the bull case with the shareholder of graykroft partne partners. >>> president obama holding a summit at the
CNBC
Nov 28, 2012 6:00am EST
close at the lows of the day. a lot of concern after harry reid made some comments suggesting that maybe there was not a lot of progress made. eamon javers has commented saying you shouldn't read too closely into it, but this morning futures are indicated slightly lower once again. in europe, you'll see that there are some red arrows there as well. in france, the cac is down by about 12 points. in london, the ftse is off by 17. in germany, the dax is down by about 14.5 points. in asia overnight, same story. the hang seng was down by .6 of a percent. the shanghai composite was down by .9. the biggest loser was the nikkei. oil prices are slightly weaker, down by about 42 cents. the ten-year note at this hour is yielding 1.62%. been watching the dlampl here's something that snuck up on us. the chinese -- >> you're going to start saying that? >> you want me to call it -- >> if you start saying this other word, i'm going to learn how to say it. what made you decide? >> i'm thinking rnd, which is how they lay it out. i'm thinking rnb. >> okay, if you're going to do it, i'll practice. >> that's
CNBC
Nov 23, 2012 9:00am EST
. there is a theory -- patty murray is a prominent democrat. doesn't have the name recognition of harry reid. she clearly says if we don't get what we want, let's go over the cliff. this is the most important part. we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this conversation eating spam in cave in the woods. >> that's good to know. he may be judging from what his weekends are like. >> that's an official view. >> where's the love? happy holidays to everybody. >> spam is not good. >> it's delicious. >> dan, thanks for stopping by. sears, kmart, walmart, best buy adding last-minute deals to sales list for black friday shoppers. find out what the deals are
CNBC
Nov 27, 2012 6:00am EST
pelosi. they are also going to see house speaker jo eer john boehner, ha reid, they'll go to vegas, won't hear about what happens there, and senate minority leader mitch mcconnell. they can go visit him south of cincinnati. they went out to ask constituents who are we talking about? citizens. local business owners. large company ceos. whether their elected representative is representing them or not. john harwood kicks things off with a visit to speaker boehner's home state of ohio. you're not there yet, are you? where are you going specifically? >> i have been there already. here in washington the fiscal cliff is an abstract policy debate but in the southwest ohio congressional district of john boehner, the house speaker, which i visited last week, a tip back into recession would cause real economic pain. middle town and rest of southwestern ohio is working its way back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now is another economic setback from the fiscal cliff. house speaker boehner and his colleagues
Search Results 0 to 19 of about 20 (some duplicates have been removed)